Why Broadcom Stock More Than Doubled in 2024 | The Motley Fool

Why Broadcom Stock More Than Doubled in 2024 | The Motley Fool

This technology giant’s critical role in the AI movement is becoming clearer every day.

Most investors scouring the technology sector for its top growth prospects probably don’t have Broadcom (AVGO -2.81%) on their radar. But perhaps they should. Shares of this unassuming telecom soared 108% last year, shocking plenty of people. That’s not a bounceback move from a lousy 2023, either, as the stock nearly doubled then.

What gives? Simply put,…

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